Market Matters Blog
DTN Weekly Average DDG Price Moves Higher
MINNEAPOLIS (DTN) -- The DTN average price for domestic distillers dried grains (DDG) from 34 locations reporting for the week ended Aug. 25 was $240 per ton, up $8 versus one week ago. DDG prices were higher this week following the strength in soybean meal and cash corn prices. The DTN National Corn Index is up 31 cents versus one week ago Thursday.
The Energy Information Administration (EIA) said Wednesday domestic plant production of ethanol increased 4,000 barrels per day (bpd) to 987,000 bpd or 5.8% above the same week last year. At 928,000 bpd through Aug. 19, the EIA reported Midwest ethanol production edged up 2,000 bpd week-on-week and was 5.3% higher than a year ago. Plant production gained for the first time in three weeks.
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Based on the average of prices collected by DTN, the value of DDG relative to corn for the week ended Aug. 25 was 1.02%. The value of DDG relative to soybean meal was 52.40%, and the cost per unit of protein for DDG was $8.89, compared to the cost per unit of protein for soybean meal at $9.64. DTN's estimates moved to utilizing September futures since July has gone off the board.
In its weekly DDGS export update, the U.S. Grains Council said: "Barge CIF NOLA DDGS values are $11 metric ton (mt) higher for September positions this week while FOB NOLA offers are up $10/mt to $314 this week for spot positions. The DDGS container market followed gains in the FOB market and offers for 40-foot containers to Southeast Asia rose $9/mt to $397 this week."
NOTE: All prices listed below can change at any time and are subject to confirmation from seller.
| ALL PRICES SUBJECT TO CONFIRMATION | CURRENT | PREVIOUS | CHANGE | ||
| COMPANY | STATE | 8/25/2022 | 8/18/2022 | ||
| Bartlett and Company, Kansas City, MO (816 714 3413) | |||||
| Missouri | Dry | $265 | $255 | $10 | |
| Wet | $155 | $145 | $10 | ||
| Show Me Ethanol LLC, Carrollton, MO (660-542-6493) | |||||
| SUBJECT | Dry | $260 | $260 | $0 | |
| SUBJECT | Wet | $125 | $125 | $0 | |
| CHS, Minneapolis, MN (800-769-1066) | |||||
| Illinois | Dry | $220 | $210 | $10 | |
| Indiana | Dry | $210 | $205 | $5 | |
| Iowa | Dry | $230 | $220 | $10 | |
| Michigan | Dry | $190 | $190 | $0 | |
| Minnesota | Dry | $225 | $220 | $5 | |
| New York | Dry | $205 | $205 | $0 | |
| South Dakota | Dry | $235 | $225 | $10 | |
| MGP Ingredients, Atchison, KS (800-255-0302) | |||||
| Dry | $265 | $260 | $5 | ||
| Wet | $89 | $75 | $14 | ||
| POET Nutrition, Sioux Falls, SD (888-327-8799) | |||||
| Indiana | Dry | $245 | $245 | $0 | |
| Iowa | Dry | $260 | $255 | $5 | |
| Michigan | Dry | $215 | $215 | $0 | |
| Minnesota | Dry | $250 | $250 | $0 | |
| Missouri | Dry | $275 | $275 | $0 | |
| Ohio | Dry | $245 | $245 | $0 | |
| South Dakota | Dry | $260 | $255 | $5 | |
| Nebraska | Dry | $285 | $260 | $25 | |
| United BioEnergy, Wichita, KS (316-616-3521) | |||||
| Kansas | Dry | $265 | $255 | $10 | |
| Wet | $95 | $90 | $5 | ||
| Illinois | Dry | $225 | $215 | $10 | |
| Nebraska | Dry | $265 | $255 | $10 | |
| Wet | $95 | $90 | $5 | ||
| U.S. Commodities, Minneapolis, MN (888-293-1640) | |||||
| Illinois | Dry | $220 | $220 | $0 | |
| Indiana | Dry | $245 | $215 | $30 | |
| Iowa | Dry | $235 | $215 | $20 | |
| Michigan | Dry | $215 | $210 | $5 | |
| Minnesota | Dry | $215 | $205 | $10 | |
| Nebraska | Dry | $275 | $255 | $20 | |
| New York | Dry | $250 | $245 | $5 | |
| North Dakota | Dry | $225 | $215 | $10 | |
| Ohio | Dry | $225 | $215 | $10 | |
| South Dakota | Dry | $230 | $215 | $15 | |
| Wisconsin | Dry | $210 | $210 | $0 | |
| Western Kansas | Dry | $290 | $245 | $45 | |
| Wet | $105 | $105 | $0 | ||
| Western Milling, Goshen, California (559-302-1074) | |||||
| California | Dry | $340 | $335 | $0 | |
| **Weekly Average: | $240 | $232 | $8 | ||
| (Prices listed per ton) | |||||
| **The weekly average prices above reflect only those companies DTN | |||||
| collects spot prices from. States include: Missouri, Iowa, Nebraska, | |||||
| Kansas, Illinois, Minnesota, North Dakota, South Dakota, Michigan, | |||||
| Wisconsin and Indiana. Prices for Pennsylvania, New York and | |||||
| California are not included in the averages. | |||||
| VALUE OF DDG VS. CORN & SOYBEAN MEAL | |||
| Settlement Price: | Quote Date | Bushel | Short Ton |
| Corn | 8/25/2022 | $6.5750 | $234.82 |
| Soybean Meal | 8/25/2022 | $458.00 | |
| DDG Weekly Average Spot Price | $240.00 | ||
| DDG Value Relative to: | 8/25 | 8/18 | |
| Corn | 1.02% | 1.05% | |
| Soybean Meal | 52.40% | 51.62% | |
| Cost Per Unit of Protein: | |||
| DDG | $8.89 | $8.59 | |
| Soybean Meal | $9.64 | $9.46 | |
| Notes: | |||
| Corn and soybean prices take from DTN Market Quotes. DDG price | |||
| represents the average spot price from Midwest companies | |||
| collected on Thursday afternoons. Soybean meal cost per unit | |||
| of protein is cost per ton divided by 47.5. DDG cost per unit | |||
| of protein is cost per ton divided by 27. | |||
Mary Kennedy can be reached at mary.kennedy@dtn.com
Follow her on Twitter @MaryCKenn
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